University Hospitals Health System Inc
- Assets
- $6.1b
- Revenue
- $960.1m
- Investments
- $485.2m
- Employees
- 6,056
- Location
- Shaker Heights, OH
- Founding
- 02/1989
- Data as of
- 12/2021
- EIN
- 34-0714775
Organization Overview
University Hospitals Health System Inc is located in Shaker Heights, OH. The organization was established in 1989. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, University Hospitals Health System Inc employed 6,056 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. University Hospitals Health System Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, University Hospitals Health System Inc generated $960.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $842.4m during the year ending 12/2021. While expenses have increased by 13.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, University Hospitals Health System Inc has awarded 133 individual grants totaling $20,937,211. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNIVERSITY HOSPITALS (THE SYSTEM) IS GUIDED BY ITS MISSION, "TO HEAL. TO TEACH. TO DISCOVER."
Describe the Organization's Program Activity:
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zenty Thomas F III Director Ex Officio/ceo (end 01/21) | OfficerTrustee | 50 | $5,396,717 |
Megerian Cliff MD Pres(e 1/21)/dir Ex Off/ceo(b 1/21) | OfficerTrustee | 50 | $2,573,373 |
Simon Daniel I MD Chief Clinical & Scientific Officer | Officer | 50 | $1,946,974 |
Szubski Michael A Chief Financial Officer/treasurer | Officer | 50 | $1,825,358 |
Beck Eric H DO MPH Chief Operating Officer | Officer | 50 | $1,341,386 |
Teknos Theodoros N MD President Siedman Cancer Center | 50 | $1,289,313 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allscripts Healthcare Llc Medical Recordkeeping Services | 12/30/21 | $16,123,164 |
Staffmatrix Human Resources Services | 12/30/21 | $15,000,430 |
Gilbane Building Co Construction Services | 12/30/21 | $47,596,644 |
Shook Construction Co Construction Services | 12/30/21 | $13,320,549 |
Sodexo Inc & Affiliates Cafeteria And Facilities Services | 12/30/21 | $30,691,818 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $107,508,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,893,000 |
| Noncash contributions included in lines 1a–1f | $7,071,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,401,000 |
| Total Program Service Revenue | $565,098,000 |
| Investment income | $31,986,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $168,440,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $960,105,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,372,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $715,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,860,000 |
| Compensation of current officers, directors, key employees. | $20,860,000 |
| Compensation to disqualified persons | $2,978,000 |
| Other salaries and wages | $357,288,000 |
| Pension plan accruals and contributions | -$22,009,000 |
| Other employee benefits | $55,915,000 |
| Payroll taxes | $26,661,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,732,000 |
| Fees for services: Accounting | $810,000 |
| Fees for services: Lobbying | $66,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,569,000 |
| Advertising and promotion | $21,256,000 |
| Office expenses | $11,265,000 |
| Information technology | $90,752,000 |
| Royalties | $0 |
| Occupancy | $20,260,000 |
| Travel | $681,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $50,316,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,644,000 |
| Insurance | $15,010,000 |
| All other expenses | $2,617,000 |
| Total functional expenses | $842,363,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $623,436,000 |
| Pledges and grants receivable | $8,804,000 |
| Accounts receivable, net | $43,968,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $61,903,000 |
| Net Land, buildings, and equipment | $498,349,000 |
| Investments—publicly traded securities | $1,903,847,000 |
| Investments—other securities | $485,209,000 |
| Investments—program-related | $2,335,197,000 |
| Intangible assets | $0 |
| Other assets | $121,425,000 |
| Total assets | $6,082,138,000 |
| Accounts payable and accrued expenses | $353,317,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,719,216,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,822,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $784,560,000 |
| Total liabilities | $2,865,915,000 |
| Net assets without donor restrictions | $2,628,314,000 |
| Net assets with donor restrictions | $587,909,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,082,138,000 |
Grants Awarded
Over the last fiscal year, University Hospitals Health System Inc has awarded $2,973,194 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: GENERAL SUPPORT | $646,252 |
New York, NY PURPOSE: GENERAL SUPPORT | $550,000 |
THE UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: GENERAL SUPPORT | $203,986 |
Redwood City, CA PURPOSE: GENERAL SUPPORT | $200,000 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $158,000 |
Rochester, MN PURPOSE: GENERAL SUPPORT | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that University Hospitals Health System Inc has recieved totaling $6,832,694.
| Awarding Organization | Amount |
|---|---|
Cleveland Foundation Cleveland, OH PURPOSE: PET PALS IN MEMORY OF SNOWFLAKE | $6,302,183 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $108,244 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $100,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $59,000 |
Healthnetwork Foundation Pepper Pike, OH PURPOSE: GENERAL SUPPORT | $50,000 |
Kalis Cure For Paralysis Foundation Inc Alma, MI PURPOSE: RESEARCH | $50,000 |
Endowment Analysis
| Beg. Balance | $241,904,000 |
| Earnings | $41,936,000 |
| Net Contributions | $22,145,000 |
| Other Expense | $14,161,000 |
| Ending Balance | $291,824,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parkview Health System Inc Fort Wayne, IN | $2,712,217,032 | $933,221,094 |
Bhsh System Grand Rapids, MI | $2,915,356,282 | $1,050,315,288 |
University Hospitals Health System Inc Shaker Heights, OH | $6,082,138,000 | $960,105,000 |
Aultman Health Foundation Group Return Canton, OH | $450,362,832 | $880,954,681 |
Mercy Health Partners Muskegon, MI | $816,487,004 | $692,908,897 |
Geisinger System Services Danville, PA | $1,398,222,343 | $715,016,181 |
Appalachian Regional Healthcare Inc Lexington, KY | $1,267,201,787 | $817,287,479 |
Highmark Health Pittsburgh, PA | $708,603,703 | $583,319,053 |
West Virginia University Medical Corporation Morgantown, WV | $212,648,584 | $571,153,959 |
Owensboro Health Regional Hospital Owensboro, KY | $1,685,340,581 | $709,904,993 |
Adena Health System Chillicothe, OH | $876,980,484 | $590,625,475 |
Indiana University Health Arnett Inc Indianapolis, IN | $319,820,511 | $504,048,288 |